Morgan Stanley recently updated its perspective on the Brazilian stock market following a rally that started last November and lost momentum by early 2024. The Ibovespa index, having climbed over 10%, prompted the bank's analysts to proceed with caution. They now see fewer opportunities for growth and are adjusting their approach accordingly. The team, headed […]
Angola is set to host a regional office of the World Free Zones Organization (WFZO), signifying a major leap in its economic development. This decision, forged through an agreement in Luanda. Aligns with the Special Economic Zone's (SEZ) strategy of expanding Angola's global economic engagement. The chairman of SEZ-Luanda-Bengo expressed that this move is in […]
OpenAI, the creator of ChatGPT, is discussing licensing its content with CNN, Fox, and Time to enhance AI development. It’s crucial for OpenAI as they face copyright challenges. They are seeking diverse digital media partnerships to make their AI chatbot more accurate. The New York Times has sued them for copyright infringement. OpenAI wants to […]
The Brazilian football club Corinthians is considering signing Vincent Aboubakar, a Cameroonian striker currently playing for Turkey’s Besiktas. The club’s management is analyzing Aboubakar’s potential after his name was offered to them. Aboubakar, aged 31, has a noteworthy record from the 2023/2024 season, scoring 11 goals in 22 matches. His career boasts major impacts at […]
Chile, in partnership with Google, is launching the Humboldt Cable System, the first fiber-optic submarine cable connecting South America with Asia and Oceania. Stretching about 15,000 kilometers, it will connect Valparaiso, Chile, to Sydney, Australia, and then extend to Asia. Developed with H2 Cable, a subsidiary of Singapore’s BW Digital, this project heralds a new […]
Taiwan is gearing up for a significant election, with about 19.5 million voters from its 23 million population ready to cast their ballots. This event stands out as the sole free and democratic election in the Chinese-speaking world, highlighting Taiwan’s status as one of Asia’s freest democracies. According to Freedom House, a U.S. research institute, […]
In Iceland, scientists are launching a revolutionary project, the Krafla Magma Testbed (KMT), aimed at drilling into a magma chamber This groundbreaking initiative, set to start in 2024, involves a team from 38 research institutes across 11 countries. Their goal is to explore the untapped potential of magma for clean energy production and gain insights […]
Brookfield, a global real estate company, is making significant strides in Brazil under CEO Roberto Perroni. The company's real estate sector manages diverse investments, including logistics warehouses, offices, and multifamily residences. Currently, Brookfield manages assets worth R$26 billion (approximately $5.3 billion) in Brazil. Showcasing a strong presence in the country's real estate market. As outlined […]
South Africa has taken a significant step by bringing a case against Israel to the International Court of Justice (ICJ), alleging genocide in Gaza. This move highlights the deepening global divisions over the Israel-Palestine conflict. The case, drawing on the UN Genocide Convention, argues that Israel’s military actions in Gaza amount to genocide, a charge […]
Taylor Swift’s upcoming European tour in 2024 significantly impacts the continent’s economy and politics. Her tour, which includes performances in 18 cities, is causing a surge in hotel prices due to increased demand from fans. This phenomenon is influencing European tourism, as fans, like a French teenager who couldn’t get tickets in Paris, are traveling […]
Investment banks predict an end to Brazil's two-decade IPO hiatus, possibly in this year's second quarter. This revival follows a significant period without initial public offerings (IPOs). Leading banks, including Bank of America and Morgan Stanley, expect an upturn in market activity. This optimism is partly due to the Federal Reserve concluding its monetary tightening […]
In Paraguay, recent claims of favoritism within the Congress have stirred controversy. President Santiago Peña's legal amendments to address conflicts of interest have become a focal point. Political scientist Katia Gorostiaga accuses the ruling Colorado Party of overpowering public institutions. President Peña, on January 6th, introduced changes to the laws governing public sector conflicts of […]
A recent report revealed a massive data breach affecting 223 million people in Brazil. Cybernews discovered the breach, which exposed personal details on a public server. The data included tax IDs, names, birth dates, genders, and CPF numbers. This breach is not linked to a particular company or organization, complicating efforts to trace its origin. […]
Brazil has established a new agreement with Turkey, paving the way for Turkish Airlines to increase its South American flights. Signed at the n International Civil Aviation Negotiation event in Riyadh, this Memorandum of Understanding (MoU) removes limits on flight numbers between the two countries. It opens doors for Turkish Airlines to enhance its presence […]
Peruvian President Dina Boluarte has declared a 60-day state of emergency in key northern areas bordering Ecuador and Colombia. This decision strengthens security and order in these regions. The move follows Peru's Constitution, which allows for certain constitutional rights to be restricted or suspended for safety. The National Police, with support from the Armed Forces, […]
Brazil's National Broad Consumer Price Index (IPCA) saw a 0.56% increase in December, as the Brazilian stats agency IBGE reported. This rise was greater than November's 0.28% and surpassed the forecasts of economists surveyed by Bloomberg, who had expected a 0.50% increase. This increase brought the IPCA's total rise in 2023 to 4.62%. This rate […]
A recent Accenture survey shows CEOs are focusing on making artificial intelligence (AI) more human-like. This trend aims to serve individuals and businesses better. The survey, conducted globally, involved 3,450 top executives across 21 industries and 20,000 consumers. It took place between October and November 2023, spanning 20 countries. The findings reveal that 31% of […]
The U.S. Air Force recently ordered StormBreaker bombs from RTX Corporation, previously known as Raytheon Technologies Corporation. These air-to-surface bombs, valued at about $400 million, are notable for their high precision. They feature a unique triple guidance system designed to perform well in harsh weather and tough battlefield conditions. Raytheon developed StormBreaker as an advancement […]
The Brazilian Government announced the Unified National Public Service Exam (UNPSE) on January 10, 2024. It's a significant move to fill 6,640 federal agency roles. The Ministry of Public Service Management and Innovation detailed this in the Official Federal Gazette. Minister Esther Dweck highlighted the exam's goal to become a regular, potentially biennial, event. This […]
Peruvian exports reached $58.172 billion between January and November 2023, growing by 1.1% compared to the same period in 2022. The Ministry of Foreign Trade and Tourism (Mincetur) reported an increase of 12.1% in mining exports (metallic and nonmetallic) due to higher sales of lead (48.1%), molybdenum (33.7%), anthracite (26.8%), calcium phosphate (23.2%), copper (18.2%), […]
In the next three years, Brazil plans to channel about R$80 billion ($16 billion) into an extensive road and rail development initiative. The Minister of Transport, Renan Filho, announced this plan, highlighting additional funding from private sector contributions. During a press briefing, Minister Filho explained, "Reviving investment in Brazil significantly boosted our road network." It […]
Brazil's leader, Luiz Inácio Lula da Silva, supports South Africa's action against Israel at The Hague's International Court of Justice ICJ. The case involves alleged war crimes and genocide in the Gaza Strip against Palestinians. Brazil's Foreign Ministry declared that President Lula supports South Africa's request for the ICJ to direct Israel to cease possible […]
The Central Bank (BCB) used $1.7 billion from its Net International Reserves (NIR) to control dollar demand and market speculation in Bolivia. BCB President Edwin Rojas shared this on Red Unitel, a local TV channel. He noted that although reserves fell initially, they became stable in the last four months of 2023. Rojas spoke in […]
The Ecuadorian Armed Forces detained 329 individuals for terrorist acts and neutralized five more during nationwide military operations. This was in response to the declaration of an “internal armed conflict” due to escalating violence. Jaime Vela, the institution’s chief, announced these measures during a press conference with military and police authorities. Vela initially assessed the […]
Argentina’s government has successfully reactivated its financial agreement with the International Monetary Fund (IMF). This move restarts the Extended Fund Facility (EFF) program, first established in March 2022. The decision came after both parties acknowledged failures in meeting previously set quantitative targets. Economy Minister Luis Caputo and Santiago Bausili, head of Argentina’s Central Bank, announced […]
